No. | Date | Account Title | Debit | Credit |
8 | Jan 31 | Rent expense [10800 ÷ 12] | $ 900 | |
Cash | $ 900 | |||
[To record payment of rent] | ||||
9 | Jan 31 | Supplies expense [$4,700 - $4,400] | $ 300 | |
Supplies | $ 300 | |||
[To record supplies expense] | ||||
10 | Jan 31 | Unearned service revenue | $ 4,400 | |
Service revenue | $ 4,400 | |||
[To record cash collected from customers] | ||||
11 | Jan 31 | Salaries expense | $ 4,680 | |
Salaries payable | $ 4,680 | |||
[To record salaries unpaid] | ||||
12 | Jan 31 | Service revenue [27100+4400] | $ 31,500 | |
Income summary | $ 31,500 | |||
[To close revenues accounts] | ||||
13 | Jan 31 | Income summary | $ 18,980 | |
Rent expense | $ 900 | |||
Supplies expense | $ 300 | |||
Salaries expense [13100+4680] | $ 17,780 | |||
[To close expense accounts] | ||||
On January 1, Year 1, the general ledger of a company includes the following account balances:...
On January 1, 2018, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Debit Credit Cash $ 24,700 Accounts Receivable 43,500 Inventory 44,000 Land 82,600 Allowance for Uncollectible Accounts 3,100 Accounts Payable 28,200 Notes Payable (9%, due in 3 years) 44,000 Common Stock 70,000 Retained Earnings 49,500 Totals $ 194,800 $ 194,800 The $44,000 beginning balance of inventory consists of 440 units, each costing $100. During January 2018, Big Blast Fireworks had the following inventory transactions: ...
On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances: Credit Debit $ 43,200 45,500 8,000 69,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings $ 9,500 15,100 15,000 85,000 41,100 Totals $165,700 $165,700 During January 2018, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Debit $ 43,900 Credit Accounts Cash 46,900 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable 8,700 76,000 $ 10,200 15,800 Common Stock, $1 par value Additional Paid-in Capital 12,000 92,000 Retained Earnings 45,500 $175,500 $175,500 Totals During January 2021, the following transactions occur: 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000 January 9 Provide services to customers on...
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,200 6,600 4,500 64, eee ok $ 4,600 79,000 16,700 $100,300 $100,300 nces During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $10,200 (5850/month). January 9 Purchase additional supplies on account, $4,900. January 13 Provide services to customers on account, $26,900....
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Accounts Payable Notes Payable (8%, due in 3 years) Common Stock Retained Earnings Totals Debit Credit $ 24,900 44,000 $ 3,300 45,000 84,100 27,700 45,000 71,000 51,000 $198,000 $198,000 The $45,000 beginning balance of inventory consists of 450 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions: January...
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 26,100 14,700 $ 3,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 3,600 15,000 80,000 7,900 95,000 33,500 $139,400 $139,400 During January 2021, the following transactions occur: January 2 Provide services to customers for cash, $46,100. January 6 Provide services to customers on account, $83,400....
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Debit 12,400 Credit Accounts Cash Accounts Receivable 36,400 Inventory 153,200 Land 79,300 Buildings 132,000 $ 3,000 10,800 Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock 30,900 212,000 Retained Earnings 156,600 $413,300 $413,300 Totals During January 2021, the following transactions occur: Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at matures in 5 years. Payments of $2,165 are required at the...
help me answer the journal entiries 1-13 On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances Credit Debit $ 26,900 15,100 $ 3,800 4,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 19,000 80,400 8,700 99,000 33,900 $145,400 $145,400 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $50, 100. January...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash 43,500 46,100 8,300 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings 72,000 $ 9,800 15,400 18,000 ৪৪, ০০0 38,700 $169,900 $169,900 Totals During January 2021, the following transactions occur January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000 January 9 Provide services to customers...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,400 5,800 3,700 56,000 $ 3,800 71,000 15, 100 $ 89,900 $ 89,900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on...